JPMorgan is set to leapfrog Goldman Sachs to become the top M&A adviser in Europe this year, as the 2023 fee rankings in the region have been shaken up.

In another tough year for deal activity, JPMorgan has topped the rankings for M&A fees with $566m in Europe, the Middle East and Africa, according to preliminary 2023 rankings from data provider Dealogic. This means that it overtakes Goldman Sachs in the number one slot in the region for the first time in two years.